Azzad Asset Management vs ShariaPortfolio
Azzad Asset Management and ShariaPortfolio both offer investing. This page lines up 16 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Oct 2026
At a glance
- Both are available in all 50 states.
- Both use a Wealth Management structure.
- Shariah oversight: Azzad Asset Management discloses Third-Party Certified; ShariaPortfolio discloses Named Scholar.
- HalalWallet Index: Azzad Asset Management holds a B; ShariaPortfolio holds a B.
- On measurable rows, Azzad Asset Management has the better listed value on 1 and ShariaPortfolio on 0.
- They differ on 7 of the 16 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Azzad Asset Management vs ShariaPortfolio: the full side-by-side
16 data points from each provider's published materials, lined up row by row. They differ on 7.
16 of 16 rows
States covered
SameAzzad Asset Management: All 50 statesShariaPortfolio: All 50 states
Management fee
Azzad Asset Management: ~1% wrap fee, declining with AUMShariaPortfolio: Not listedMinimum investment
Azzad Asset Management: $500,000 (wrap program); $1,000 ADJEX / $4,000 WISEX fundsShariaPortfolio: $100,000 (Wealth Management) · $1,000 (ShariaPortfolio Express)
Structure
SameAzzad Asset Management: Wealth ManagementShariaPortfolio: Wealth ManagementShariah oversight
Azzad Asset Management: Third-Party CertifiedShariaPortfolio: Named ScholarShariah board / scholar
Azzad Asset Management: third_party_certifiedShariaPortfolio: Third Party CertifiedPublished fatwa / certificate
SameAzzad Asset Management: NoShariaPortfolio: NoScreening standard
SameAzzad Asset Management: AAOIFI standardsShariaPortfolio: AAOIFI standards
Products listed
Azzad Asset Management: Azzad Wealth ManagementShariaPortfolio: Wealth Management, ShariaPortfolio Express, ShariaPortfolio InstitutionalBest for
Azzad Asset Management: High-net-worth halal wealth managementShariaPortfolio: Self-directed halal wealth managementProduct types
SameAzzad Asset Management: Investment PlatformShariaPortfolio: Investment PlatformAccount types
SameAzzad Asset Management: Individual, IRA, Roth IRAShariaPortfolio: Individual, IRA, Roth IRAFocus
Azzad Asset Management: Full-Service Halal Wealth ManagementShariaPortfolio: Managed Halal Portfolios (Wealth Management) · Institutional Halal Portfolios (ShariaPortfolio Institutio…)
HalalWallet Index grade
SameAzzad Asset Management: BShariaPortfolio: BFounded
Azzad Asset Management: 1997 EdgeShariaPortfolio: 2003Assets under management
Azzad Asset Management: $1.8B firm-wide (12/31/2025, company-reported)ShariaPortfolio: Not listed
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
Azzad Asset Management
- Established in 2000 - over two decades of halal wealth management experience
- AAOIFI-based screening with independent verification by IFAAS and Shariyah Review Bureau certification
- ICCR membership underscores faith-based shareholder advocacy
- Available nationwide in all 50 states
- $500,000 wrap-program minimum shuts out most investors - the Azzad Funds are the accessible entry point
- Fee schedule is not published on the website; roughly 1% declining must be confirmed in disclosures
- All-in costs stack: the wrap fee sits on top of underlying manager and fund expenses
- In-house funds are pricey by current standards (ADJEX 0.99%, WISEX 0.89% net)
ShariaPortfolio
- Comprehensive wealth management under AAOIFI-aligned screening
- Individual, IRA, and Roth IRA accounts supported
- Named Sharia advisor (Shaykh Umer Khan) oversees the methodology
- Available nationwide in all 50 states
- Low $1,000 minimum opens managed halal investing to newer investors
- Advisory fee tiers are not published - pricing requires a conversation or the Form CRS
- $100,000 minimum excludes newer investors (the Express tier covers them at $1,000)
- Sharia oversight rests on a named advisor rather than a formal multi-scholar board
- Wrap fee percentage is not published on the website - you have to ask or read the ADV
- Digital-only service with less personal attention than the $100,000 Access tier
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Not sure which is right? Compare all investing providers.
Browse all Investing optionsEditorial comparisons
How do Azzad Asset Management and ShariaPortfolio compare for investing?
Azzad Asset Management and ShariaPortfolio both offer investing. This page lines up 16 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Both use a Wealth Management structure.
- Shariah oversight: Azzad Asset Management discloses Third-Party Certified; ShariaPortfolio discloses Named Scholar.
Source: HalalWallet (halalwallet.us)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-22
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
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